What Are the Key Components of Operations Management?
Key components of operations management include:
Process design: Creating efficient workflows and processes to maximize productivity and minimize waste. Supply chain management: Managing the flow of goods and services from suppliers to customers to ensure timely delivery. Quality management: Ensuring that products and services meet or exceed customer expectations. Inventory management: Balancing inventory levels to meet demand without overstocking or understocking. Capacity planning: Determining the production capacity needed to meet changing demands for products or services.